| [   ] | REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|-----------------|------------------------------------------------------------------------------------------------|

| [ x ] | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|-------|--------------------------------------------------------------------------------------|

| [   ] | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|-----------------|------------------------------------------------------------------------------------------|

| [   ] | SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|-----------------|---------------------------------------------------------------------------------------------|

| Date of event requiring this shell company report: _______________  |
|--------------------------------------------------------------------------|
| For the transition period from _______________ to _______________   |
| Commission file number  000-50305                              |

| Title of each class | Name of each exchange on which registered |
|---------------------|-------------------------------------------|
| N/A                 | N/A                                       |

----

----

| PART I    |                                                                         | 4      |
|-----------|------------------------------------------------------------------------------|--------|
|      |                                                                         |   |
| ITEM 1    | IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS                        | 4      |
| ITEM 2.   | OFFER STATISTICS AND EXPECTED TIMETABLE                                      | 4      |
| ITEM 3.   | KEY INFORMATION                                                              | 4      |
| ITEM 4.   | INFORMATION ON THE COMPANY                                                   | 7      |
| ITEM 4A.  | UNRESOLVED STAFF COMMENTS                                                    | 13     |
| ITEM 5.   | OPERATING AND FINANCIAL REVIEW AND PROSPECTS                                 | 14     |
| ITEM 6.   | DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES                                   | 16     |
| ITEM 7.   | MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS                            | 18     |
| ITEM 8.   | FINANCIAL INFORMATION                                                        | 19     |
| ITEM 9.   | THE OFFER AND LISTING                                                        | 20     |
| ITEM 10.  | ADDITIONAL INFORMATION                                                       | 21     |
| ITEM 11.  | QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK                    | 26     |
| ITEM 12.  | DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES                       | 26     |
|      |                                                                         |   |
| PART II   |                                                                         | 26     |
|      |                                                                         |   |
| ITEM 13.  | DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES                              | 26     |
| ITEM 14.  | MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS | 26     |
| ITEM 15   | CONTROLS AND PROCEDURES                                                      | 26     |
| ITEM 16.A | AUDIT COMMITTEE FINANCIAL EXPERT                                             | 28     |
| ITEM 16.B | CODE OF ETHICS                                                               | 28     |
| ITEM 16.C | PRINCIPAL ACCOUNTANT FEES AND SERVICES                                       | 28     |
| ITEM 16.D | EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES                   | 28     |
| ITEM 16.E | PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS       | 28     |
| ITEM 16.F | CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT                                 | 29     |
| ITEM 16.G | CORPORATE GOVERNANCE                                                         | 29     |
| ITEM 16.H | MINE SAFETY DISCLOSURE                                                       | 29     |
|      |                                                                         |   |
| PART III  |                                                                         | 29     |
|      |                                                                         |   |
| ITEM 17.  | FINANCIAL STATEMENTS                                                         | 29     |

----

|                 | YearEnded12/31/13 | YearEnded 12/31/12 | YearEnded 12/31/11 | YearEnded 12/31/10 | YearEnded 12/31/09 |
|--------------------------------|-------------------|--------------------|--------------------|--------------------|--------------------|
| Revenue                        | Nil               | Nil                | Nil                | Nil                | Nil                |
| Net Income (Loss)              | 28,169            | (51,039)           | (189,503)          | 263,194            | (1,092,043)        |
| Earnings(Loss) Per Share (1)   | 0.00              | (0.00)             | (0.02)             | 0.03               | (0.17)             |
| Dividends Per Share (1)        | Nil               | Nil                | Nil                | Nil                | Nil                |
| Weighted Avg. No. Shares (1)   | 13,742,223        | 12,791,921         | 10,282,624         | 9,766,206          | 6,378,834          |
|                           |              |               |               |               |               |
| Working Capital (Deficiency)   | (169,900)         | (240,569)          | (404,119)          | (229,900)          | (883,300)          |
| Mineral Properties             | Nil               | Nil                | Nil                | Nil                | Nil                |
| Long Term Debt                 | Nil               | Nil                | Nil                | Nil                | Nil                |
| Shareholder's Equity (Deficit) | (169,900)         | (240,569)          | (403,236)          | (228,733)          | (881,751)          |
| Total Assets                   | 18,244            | 5,815              | 3,910              | 22,711             | 14,427             |

----

| Annual Period            |   | Average |   |
|--------------------------|--------|---------|--------|
|                     |   |         |   |
| Year ended Dec 31, 2013  |   | $       | 0.9093 |   |
| Year ended Dec 31, 2012  |   | $       | 1.0004 |   |
| Year ended Dec 31, 2011  |   | $       | 1.0110 |   |
| Year ended Dec 31, 2010  |   | $       | 0.9709 |   |
| Year ended Dec 31, 2009  |   | $       | 0.8757 |   |
|                     |   |    |   |   |
|                     |   |    |   |   |
| Monthly Period           |   | Closing |   |
|                     |   |    |   |   |
| Month ended Oct 31, 2013 |   | $       | 0.9649 |   |
| Month ended Nov 30, 2013 |   | $       | 0.9531 |   |
| Month ended Dec 31, 2013 |   | $       | 0.9399 |   |
| Month ended Jan 31, 2014 |   | $       | 0.9139 |   |
| Month ended Feb 29, 2014 |   | $       | 0.9046 |   |
| Month ended Mar 31, 2014 |   | $       | 0.9003 |   |

----

----

----

| 1. | Authorizing an unlimited number of Class A Preferred shares without par value and to approve special rights and restrictions for the existing Common shares and the new Preferred shares; |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2. | The Notice of Articles of the Company to be amended to reflect the amendment to the authorized share structure approved above. |
|----|--------------------------------------------------------------------------------------------------------------------------------|

| · | an unencumbered 65% interest in certain mineral claims totaling approximately 165 hectares located in Costebelle Township known as the Doran property in eastern Quebec. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|  | a. | $35,000 and 12,500 common shares within ten business days of the date of approval of the agreement (paid and issued); |
|--|----|-----------------------------------------------------------------------------------------------------------------------|

|  | b. | $35,000 and 12,500 common shares on or before March 15, 2006 (paid and issued); and expending $200,000 on or before March 15, 2006 (incurred); |
|--|----|------------------------------------------------------------------------------------------------------------------------------------------------|

|  | c. | $75,000 and 25,000 common shares on or before March 15, 2007 (paid and issued); and expending $300,000 on or before March 15, 2007 (incurred by Abbastar Holdings Inc. ("Abbastar") – see below); and |
|--|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | d. | $75,000 (paid in 2008 by Abbastar – see below) and 25,000 common shares on or before March 15, 2008 (issued); and expend an additional $500,000 on or before March 15, 2008 (incurred by Abbastar – see below). |
|--|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

| · | Hole H17A (L Anomaly): 16.99m of 0.0435% U3O8 (.87lb/t), |
|--------|----------------------------------------------------------|

| · | Hole H18 (L Anomaly): 24.1m of 0.033% U3O8 (.66lb/t) (including 16.5m of .73lb/t announced June 28, 2007), |
|--------|------------------------------------------------------------------------------------------------------------|

| · | Hole H18A (L Anomaly):  7.25m of 0.023% U3O8 (.46lb/t), |
|--------|--------------------------------------------------------------|

| · | Hole H19 (L Anomaly): 3.52m of 0.039% U3O8 (.78lb/t), |
|--------|-------------------------------------------------------|

| · | Hole H22 (L Anomaly): 18.44m of 0.024% U3O8 (.48lb/t), |
|--------|--------------------------------------------------------|

| · | Hole H27 (L Anomaly): 5.8m of 0.33% U3O8 (.66lb/t), |
|--------|-----------------------------------------------------|

| · | Hole H31 (N Anomaly): 0.66 metres of .29% U3O8 (5.8lb/t at surface). |
|--------|----------------------------------------------------------------------|

----

----

| · | Consulting fees of $11,750 were incurred during Annual 2013 compared to no consulting fees incurred during the year ended Annual 2012.  The increase in consulting fees was due to the use of consultants to assist with the settlement of the Company's debt during the year which culminated in a gain on settlement of debt of $168,417. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Mineral property recovery of $70,169 for Annual 2012 compared to no exploration costs or recoveries during Annual 2013.  This change was due to the sale of its interest of the Pires Gold Project in Brazil completed during the previous year. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Recorded a gain on forgiveness of debt in the amount of $168,417 for Annual 2013 compared to no gain on forgiveness of debt during Annual 2012. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Financing fees – stock based compensation decreased from $63,708 for Annual 2011 to $nil for Annual 2012.  During the year ended December 31, 2011, the expiry date of the warrants was extended one year to January 25, 2012 with no other changes to the terms of the warrants. The fair value of the term extension was calculated using the Black-Scholes option pricing model with the following assumptions:  (1) dividend yield of 0%, (2) expected volatility of 164%, (3) risk free interest rate of 1.32% and, (4) expected life of 1 years. Total expenses of $63,708 was recorded as stock-based compensation in 2011, was related to financing fee.  This was a non-cash expense. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Mineral property costs decreased from $44,422 for Annual 2011 to a recovery of $70,169 for Annual 2012.  This recovery was due to the sale of its interest in the Pires Gold Property during the year ended December 31, 2012. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

| Name of Director       | Age    | Principal Occupation               |
|------------------------|--------|------------------------------------|
|                        |        |                               |
| Danielle Beauchamp     | 62     | President and Director             |
| President, Director    |   |                               |
| Quebec                 |   |                               |
|                   |   |                               |
| Fouad Mallouk          | 35     | Director and Secretary             |
| Director and Secretary |   |                               |
| Quebec, Canada         |   |                               |
|                   |   |                               |
| James A. Turner        | 66     | Director                           |
| Director               |   |                               |
| Surrey, BC             |   |                               |
|                   |   |                               |
| Name of Officer        | Age    | Office                             |
|                   |   |                               |
| Danielle Beauchamp     | 62     | President, Chief Executive Officer |
| Fouad Mallouk          | 35     | Secretary and Chairman             |
| Fred Schiemann, CPA    | 55     | Chief Financial Officer            |

----

| NAME ANDPRINCIPAL POSITION | YEAR                                  | ANNUAL COMPENSATION          | LONG-TERM COMPENSATION |
|----------------------------|---------------------------------------|------------------------------|------------------------|
| Salary ($)                 | Bonus ($)                             | Other AnnualCompensation ($) | Awards                 | LTIPpayouts ($) | All OtherCompensation ($) |
| RestrictedStockAwards ($)  | SecuritiesUnderlyingOptions/SAR's (#) |
| James A. Turner, Director  | 2013                                  | Nil                          | Nil                    | Nil | Nil | Nil | Nil | Nil |

----

| Name               | Number of Shares Owned | Percentage of OutstandingCommon Shares1 |
|--------------------|------------------------|-----------------------------------------|
| Danielle Beauchamp | Nil                    | 0.0%                                    |
| Fouad Mallouk      | Nil                    | 0.0%                                    |
| James A. Turner    | Nil                    | 0.0%                                    |
| Fred Schimann      | Nil                    | 0.0%                                    |
|               |                        |                                         |

| 1. | Based on 13,742,223 issued and outstanding shares as of the date of this Report. |
|----|----------------------------------------------------------------------------------|

| Name               | Number of Shares Owned | Percentage of OutstandingCommon Shares1 |
|--------------------|------------------------|-----------------------------------------|
| Danielle Beauchamp | Nil                    | 0.0%                                    |
| Fouad Mallouk      | Nil                    | 0.0%                                    |
| James A. Turner    | Nil                    | 0.0%                                    |

| 1. | Based on 13,742,223 issued and outstanding shares as of the date of this Report. |
|----|----------------------------------------------------------------------------------|

----

| (a) | balance sheets;                                                                                                                                     |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------|
| (b) | statements of operations;                                                                                                                           |
| (c) | statements of stockholders' deficit;                                                                                                                |
| (d) | statements of cash flow;                                                                                                                            |
| (e) | related notes and schedules required by the comprehensive body of accounting standards pursuant to which the financial statements are prepared; and |
| (f) | a note analyzing the changes in each caption of shareholders' equity presented in the balance sheet.                                                |

----

----

| 1. | Our Memorandum and Articles of Incorporation do not limit in any manner our business purpose. As such, no provision relating to the same is contained in the Memorandum or Articles of Incorporation. |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2. | Directors |
|----|-----------|

|  | a. | A director shall disclose the nature and extent of his interest in a contract or transaction. A director shall not vote on any contract or transaction in which he is interested. The foregoing shall not apply to: (1) a loan to us which the director is guaranteeing repayment; (2) any contract or transaction for the benefit of a holding company or a subsidiary corporation of which the a director is a director; (3) any contract by a director to subscribe for or underwrite securities in which a director is interested if all the other directors are interested; (4) determining the remuneration of the directors: (5) purchasing and maintaining insurance to cover directors against liability incurred by them as directors; or, (6) indemnification of any director. |
|--|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | b. | Directors are empowered to vote compensation to them even in the absence of an independent quorum. |
|--|----|----------------------------------------------------------------------------------------------------|

|  | c. | Our board of directors may from time to time on our behalf borrow money. We have no prohibition against loaning money to a director. |
|--|----|--------------------------------------------------------------------------------------------------------------------------------------|

|  | d. | There are no provisions for retirement or non-retirement of directors under an age limit requirement. |
|--|----|-------------------------------------------------------------------------------------------------------|

|  | e. | There is no number of shares that must be owned for director's qualification. |
|--|----|-------------------------------------------------------------------------------|

| 3. | Shares |
|----|--------|

|  | a. | The board of directors may from time-to-time declare and authorize payment of dividends. No dividend will be paid otherwise than out of funds and/or assets properly available therefore. There is no time limit after which dividend entitlement lapses. |
|--|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | b. | Each shareholder shall have one vote for each share of common stock owned by him. At each annual meeting the entire board of directors retire and shareholders shall elect an new board of directors. There are no staggered intervals and cumulative voting is not provided for. |
|--|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | c. | Shareholders do not have the right to share in our profits. |
|--|----|-------------------------------------------------------------|

|  | d. | Shareholders are entitled to share in any surplus upon liquidation, after the payment of all creditors and superior equity securities. |
|--|----|----------------------------------------------------------------------------------------------------------------------------------------|

|  | e. | We may redeem any of our shares at the price and on the terms as determined by our board of directors. |
|--|----|--------------------------------------------------------------------------------------------------------|

|  | f. | There are no sinking fund provisions. |
|--|----|---------------------------------------|

|  | g. | Shareholders are not liable for further capital calls. |
|--|----|--------------------------------------------------------|

|  | h. | There are no provisions discriminating against any existing or prospective holder of common stock as a result of a shareholder owning a substantial number of shares of common stock. |
|--|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| i. | On January 24, 2014 at the Company's Annual General and Special Meeting, the Company received shareholder approval to create an unlimited number of Class A Convertible Preferred shares without par value and to approve special rights and restrictions for the existing Common shares and the new preferred shares. |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4. | No alteration shall be valid as to any outstanding shares unless the holders of the shares consent thereto or by a resolution passed by 3/4s of the outstanding shares. |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5. | The annual general meeting of shareholders is called by written notice mailed by the board of directors to each shareholder of record. A quorum shall be a least two persons represented at the meeting either in person or by proxy. Extraordinary (special) general meetings are called by written notice mailed by the board of directors to each shareholder of record. The quorum remains the same for Extraordinary Meetings. There are no conditions of admission to the meetings. |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6. | There are no limitations on the rights to own securities, including the rights of non-resident or foreign shareholders to hold or exercise voting rights on the securities, imposed by the laws of British Columbia, or our articles or other constituent document. |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 7. | There are no provisions in our articles that would have an effect of delaying, deferring or preventing a change in our control and that would operate only with respect to any merger, acquisition or corporate restructuring involving us. |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8. | There are no provisions in our articles that require the disclosure of shareholder ownership. |
|----|-----------------------------------------------------------------------------------------------|

| 9. | The law applicable to us is not significantly different from that in the host country. |
|----|----------------------------------------------------------------------------------------|

| 10. | The conditions imposed by the articles governing changes in the capital are not more stringent than is required by law. |
|-----|-------------------------------------------------------------------------------------------------------------------------|

|    | 1.     | Agreement dated March 15, 2005 between Fayz Yacoub and the Company, and amended March 6, 2007 whereby the Company can acquire a 100% interest in the Doran Uranium Property (referenced by way of the Company's 20-F filed with the SEC on July 1, 2005);                 |
|--------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|         |   |                                                                                                                                                                                                                                                                      |
|         | 2.     | Agreement dated April 21, 2005 between the Company and CMKM Diamonds, Inc. whereby CMKM may acquire up to a 10% interest in the Company's Black Warrior Project (referenced by way of the Company's 20-F filed with the SEC on July 1, 2005);                             |
|         |   |                                                                                                                                                                                                                                                                      |
|         | 3.     | Assignment Agreement dated October 20, 2005 between the Company and CMKM Diamonds Inc., whereby the Company assumed all of the rights of CMKM, if any, in the Hatchet Lake Property (referenced by way of the Company's 6-K filed with the SEC on November 23, 2005);     |
|         |   |                                                                                                                                                                                                                                                                      |
|         | 4.     | Agreement dated October 20, 2005 between the Company and 101047025 Saskatchewan Ltd., whereby the Company may acquire up to 80% interest in the Smeaton/Forte a la Corne properties (referenced by way of the Company's 6-K filed with the SEC on November 25, 2005); and |
|   | 5.     | Agreement dated February 13, 2007 between the Company and Abbastar Uranium Corp. (formerly Abbastar Holding Ltd.) whereby Abbastar may earn up to 70% interest in the Doran uranium prospect in Costebelle Township, Quebec. (referenced by way of the Company's 6-K filed February 14, 2007).                                                                                                                                     |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   | 6.     | Agreement dated June 17, 2009 between the Company and Infogeo Servicos e Locacoes Ltda,, whereby the Company can earn a 100% interest in the Pires gold project in south central Brazil.                                                                                                                                                                                                                                           |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   | 7.     | Letter of Intent ("LOI") signed February 18, 2010 with Ansell Capital Corp., ("Ansell") a TSX Venture listed company, pursuant to which Ansell proposes to acquire all of the outstanding and issued shares of the Company through a plan of arrangement (the "Arrangement") under the British Columbia Corporations Act.  On July 14, 2010, the Company was notified by Ansell that it would not be proceeding with the LOI. |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   | 8.     | Property Purchase Agreement dated March 15, 2012 between the Company and with SAL Resources Holding Limited ("SAL") whereby SAL agrees to purchase the Company's interest in the Pires Gold Project.                                                                                                                                                                                                                               |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   | 9.     | Property Purchase Agreement dated March 30, 2012 between the Company and with Ansell Capital Corp. ("Ansell") whereby Ansell agrees to sell its interest in the Pires Gold Project.                                                                                                                                                                                                                                                |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   | 10.    | Loan Agreements dated throughout 2013 between the Company and with JAMIL Investment Corp. ("JAMIL") whereby JAMIL loaned the Company funds totaling of $129,595 for a term of one year bearing interest at 0.5% per annum compounded annually and due on  demand within 15 days written notice.  The loan is unsecured.                                                                                                  |

----

----

----

----

| ITEM14. | MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS |
|---------|------------------------------------------------------------------------------|

----

----

----

| ExhibitNo. | Exhibit                                                                                                                                                                                                              |
|------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 1.1        | Memorandum and Articles of Incorporation and Amendments thereto (1)                                                                                                                                                  |
| 4.1        | Agreement dated March 17, 2003, between the Company and the YK Group (1)                                                                                                                                             |
| 4.2        | Agreement dated June 1, 2004 between the Company and Goodsprings Development Corp. whereby the Company can acquire up to a 100% interest in and to the Black Warrior Project (2)                                     |
| 4.3        | Agreement dated March 15, 2005 between Fayz Yacoub and the Company whereby the Company can acquire a 100% interest in the Doran Uranium Property (2)                                                                 |
| 4.4        | Agreement dated April 7, 2005 between Star Uranium Corp. (formerly known as United Carina Resources Corp.) and the Company whereby the Company can acquire a 20% right in the Hatchet Lake Property (2)              |
| 4.5        | Agreement dated April 21, 2005 between the Company and Star Uranium Corp. (formerly known as United Carina Resources Corp.) whereby Star may acquire up to a 10% interest in the Company's Black Warrior Project (2) |
| 4.6        | Agreement dated April 21, 2005 between the Company and CMKM Diamonds, Inc. whereby CMKM may acquire up to a 10% interest in the Company's Black Warrior Project (2)                                                  |
| 4.7        | Agreement between the Company and Star Uranium dated October 21, 2005 whereby the Company may acquire a 50% interest in the Hatchet Lake (3)                                                                         |
| 4.8        | Assignment Agreement between the Company and CMKM Diamonds Inc. whereby the Company may acquire any and all interest of CMKM Diamonds Inc.'s interest in the Hatchet Lake Property (3)                               |
| 4.9        | Agreement between the Company and 101047025 Saskatchewan Ltd. whereby the Company may acquire an 80% interest in the Smeaton Property (4)                                                                            |
| 4.10       | Agreement between the Company and Goodsprings Development Corp. whereby Goodsprings extended the terms of the Company's June 1, 2006 property payment as four quarterly payments (5)                                 |
| 4.11       | Entourage-101047025 Saskatchewan Ltd. claim file for the Smeaton Property (5)                                                                                                                                        |
| 4.12       | Smeaton Property location map with legend (5)                                                                                                                                                                        |
| 4.13       | Hatchet Lake Property map with legend (5)                                                                                                                                                                            |
| 4.14       | Revised Smeaton claim file (6)                                                                                                                                                                                       |
| 4.15       | Entourage-Abbastar Uranium Option Agreement Dated February 13, 2007 (7)                                                                                                                                              |
| 4.16       | Mineral Option Agreement with Infogeo Locaçeos Ltda. (8)                                                                                                                                                        |
| 11.1       | Entourage Mining Company Ethics Policy (7)                                                                                                                                                                           |
| 12.1       | Certification of Principal Executive Officer *                                                                                                                                                                       |
| 12.2       | Certification of Principal Financial Officer *                                                                                                                                                                       |
| 13.1       | Certification pursuant to 18 U.S.C. Section 1350 *                                                                                                                                                                   |
| (1) | Incorporated by reference from our Registration Statement on Form 20-F filed with the SEC on June 6, 2003. |
|-----|------------------------------------------------------------------------------------------------------------|
| (2) | Incorporated by reference from our 20-F filed with the SEC on July 1, 2005.                                |
| (3) | Incorporated by reference from the Company's 6-K filed with the SEC on November 23, 2005.                  |
| (4) | Incorporated by reference from the Company's 6-K filed with the SEC on November 25, 2005.                  |
| (5) | Incorporated by reference from our Annual Report on Form 20-F filed with the SEC on July 3, 2006.          |
| (6) | Incorporated by reference from our Annual Report on Form 20-F filed with the SEC on June 29, 2007.         |
| (7) | Incorporated by reference from our Annual Report on Form 20-F filed with the SEC on June 30, 2008.         |
| (8) | Incorporated by reference from our Annual Report on Form 20-F filed with the SEC on May 3, 2010.           |

----

----

----

|                                               |   | DECEMBER 31, |        |
|----------------------------------------------------|--------|--------------|-------------|
|                                               |   | 2013         |        |   | 2012 |   |
|                                               |   | $            |        |   |   | $ |   |   |
| ASSETS                                             |   |         |        |   |   |   |   |   |
|                                               |   |         |        |   |   |   |   |   |
| Current                                            |   |         |        |   |   |   |   |   |
| Cash                                               |   |         | 12,948      |   |   |   | 1,764 |   |
| Prepaid expenses                                   |   |         | 4,935       |   |   |   | 2,085 |   |
| Other  receivable                             |   |         | 361         |   |   |   | 1,295 |   |
|                                               |   |         | 18,244      |   |   |   | 5,144 |   |
| Equipment, net of depreciation (Note 3)            |   |         | -           |   |   |   | 671 |   |
|                                               |   |         |        |   |   |   |   |   |
|                                               |   |         | 18,244      |   |   |   | 5,815 |   |
|                                               |   |         |        |   |   |   |   |   |
| LIABILITIES                                        |   |         |        |   |   |   |   |   |
|                                               |   |         |        |   |   |   |   |   |
| Current                                            |   |         |        |   |   |   |   |   |
| Accounts payable                                   |   |         | 34,752      |   |   |   | 178,158 |   |
| Accrued liabilities                                |   |         | 22,441      |   |   |   | 18,500 |   |
| Loans payable (Note 5)                             |   |         | -           |   |   |   | 43,600 |   |
| Due to related parties (Note 7)                    |   |         | 130,951     |   |   |   | 6,126 |   |
|                                               |   |         | 188,144     |   |   |   | 246,384 |   |
|                                               |   |         |        |   |   |   |   |   |
| STOCKHOLDERS' DEFICIT                              |   |         |        |   |   |   |   |   |
|                                               |   |         |        |   |   |   |   |   |
| Capital Stock (Note 6)                             |   |         |        |   |   |   |   |   |
| Authorized:                                        |   |         |        |   |   |   |   |   |
| Unlimited common voting shares without par value   |   |         |        |   |   |   |   |   |
| Issued:                                            |   |         |        |   |   |   |   |   |
| 13,742,223 common shares (2012 – 13,742,223) |   |         | 13,490,513  |   |   |   | 13,490,513 |   |
| Additional paid in capital                         |   |         | 3,351,366   |   |   |   | 3,308,866 |   |
| Deficit accumulated during the exploration stage   |   |         | (17,011,779 | ) |   |   | (17,039,948 | ) |
|                                               |   |         | (169,900    | ) |   |   | (240,569 | ) |
|                                               |   |         |        |   |   |   |   |   |
|                                               |   |         | 18,244      |   |   |   | 5,815 |   |

|                                          |   |            |
|-----------------------------------------------|--------|-----------------|
| CONTINGENCIES AND COMMITMENTS (Notes 1 and 4) |   |            |
| SUBSEQUENT EVENTS (Note 11)                   |
|  Approved by the Board of Directors:     |
|                                          |   |            |
| "Danielle Beauchamp"                          |   | "Fouad Mallouk" |

----

|                                                        |   | YEARS ENDED DECEMBER 31, |       |   | June 16, 1995 (inception) to |   |
|-------------------------------------------------------------|--------|--------------------------|------------|--------|------------------------------|--------|
|                                                        |   | 2013                     |       |   | 2012                         |   |   | December 31, 2013 |   |
|                                                        |   | $                        |       |   |                         | $      |   |   |   | $ |   |   |
| Expenses                                                    |   |                     |       |   |                         |   |   |   |   |   |   |   |
|   Depreciation                                    |   |                     | 79         |   |                         |   | 212 |   |   |   | 7,252 |   |
|   Consulting (Note 7)                             |   |                     | 11,750     |   |                         |   | - |   |   |   | 284,700 |   |
|   Consulting – stock based compensation     |   |                     | -          |   |                         |   | - |   |   |   | 2,926,980 |   |
|   Financing fee – stock based compensation  |   |                     | -          |   |                         |   | - |   |   |   | 90,096 |   |
|   Interest and bank charges                       |   |                     | 4,207      |   |                         |   | 3,514 |   |   |   | 32,564 |   |
|   Management fees (Note 7)                        |   |                     | 45,000     |   |                         |   | 60,000 |   |   |   | 1,260,654 |   |
|   Mineral property costs (recovery) (Note 4)      |   |                     | -          |   |                         |   | (70,169 | ) |   |   | 11,324,777 |   |
|   Office and sundry                               |   |                     | 40,302     |   |                         |   | 33,474 |   |   |   | 666,156 |   |
|   Professional fees                               |   |                     | 37,606     |   |                         |   | 41,872 |   |   |   | 696,789 |   |
|   Travel and promotion                            |   |                     | 712        |   |                         |   | 3,251 |   |   |   | 310,763 |   |
|                                                        |   |                     |       |   |                         |   |   |   |   |   |   |   |
| Loss Before Other Items                                     |   |                     | (139,656   | )      |                         |   | (72,154 | ) |   |   | (17,600,731 | ) |
|                                                        |   |                     |       |   |                         |   |   |   |   |   |   |   |
|   Fair value adjustment of derivative liabilities |   |                     | -          |   |                         |   | 1,115 |   |   |   | 333,965 |   |
|   Gain on debt settlement                         |   |                     | 168,417    |   |                         |   | 20,000 |   |   |   | 188,417 |   |
|   Loss on disposal of assets (Note 3)             |   |                     | (592       | )      |                         |   | - |   |   |   | (592 | ) |
|                                                        |   |                     |       |   |                         |   |   |   |   |   |   |   |
| Net Income (Loss) Before Income Taxes                       |   |                     | 28,169     |   |                         |   | (51,039 | ) |   |   | (17,078,941 | ) |
|                                                        |   |                     |       |   |                         |   |   |   |   |   |   |   |
|   Deferred income tax recovery                    |   |                     | -          |   |                         |   | - |   |   |   | 67,162 |   |
|                                                        |   |                     |       |   |                         |   |   |   |   |   |   |   |
| Net Income (Loss) and Comprehensive Income (Loss)           |   |                     | 28,169     |   |                         |   | (51,039 | ) |   |   | (17,011,779 | ) |
|                                                        |   |                     |       |   |                         |   |   |   |   |   |   |   |
| Net Income (Loss) Per Share                                 |   |                     |       |   |                         |   |   |   |   |   |   |   |
| Basic and Diluted                                           |   | $                        | 0.00       |   |                         | $      | (0.00 | ) |   |   |   |   |
|                                                        |   |                     |       |   |                         |   |   |   |   |   |   |   |
| Weighted Average Common Shares Outstanding                  |   |                     |       |   |                         |   |   |   |   |   |   |   |
| Basic                                                       |   |                     | 13,742,223 |   |                         |   | 12,791,921 |   |   |   |   |   |

----

|                                                                         |   |        |      |   |        |   |    |            |   |   |            |   |   | DEFICIT     |    |   |        |   |
|------------------------------------------------------------------------------|--------|--------|-----------|--------|--------|--------|---------|------------|--------|--------|------------|--------|--------|-------------|---------|--------|--------|--------|
|                                                                         |   |        |      |   |        |   |    |            |   |   |            |   |   | ACCUMULATED |    |   |        |   |
|                                                                         |   | NUMBER |      |   |        |   |    | OBLIGATION |   |   | ADDITIONAL |   |   | DURING      |    |   |        |   |
|                                                                         |   | OF     |      |   |        |   |    | TO ISSUE   |   |   | PAID-IN    |   |   | EXPLORATION |    |   |        |   |
|                                                                         |   | SHARES |      |   | AMOUNT |   |    | SHARES     |   |   | CAPITAL    |   |   | STAGE       |    |   | TOTAL  |   |
|                                                                         |   |        |      |   | $      |   |    |       | $      |   |       |   | $      |        |    |   | $      |   |   |   | $ |   |   |
|                                                                         |   |        |      |   |   |   |    |       |   |   |       |   |   |        |    |   |   |   |   |   |   |   |   |
| Share issued for cash                                                        |   |   | 1         |   |   |   | 1       |       |   |   | -          |   |   |        | -       |   |   |   | - |   |   |   | 1 |   |
| Loss for the period                                                          |   |   | -         |   |   |   | -       |       |   |   | -          |   |   |        | -       |   |   |   | (38,624 | ) |   |   | (38,624 | ) |
| Balance, December 31, 1995                                                   |   |   | 1         |   |   |   | 1       |       |   |   | -          |   |   |        | -       |   |   |   | (38,624 | ) |   |   | (38,623 | ) |
| Shares issued for cash                                                       |   |   | 913,000   |   |   |   | 276,500 |       |   |   | -          |   |   |        | -       |   |   |   | - |   |   |   | 276,500 |   |
| Loss for the year                                                            |   |   | -         |   |   |   | -       |       |   |   | -          |   |   |        | -       |   |   |   | (210,592 | ) |   |   | (210,592 | ) |
| Balance, December 31,1996                                                    |   |   | 913,001   |   |   |   | 276,501 |       |   |   | -          |   |   |        | -       |   |   |   | (249,216 | ) |   |   | 27,285 |   |
| Loss for the year                                                            |   |   | -         |   |   |   | -       |       |   |   | -          |   |   |        | -       |   |   |   | (74,529 | ) |   |   | (74,529 | ) |
| Balance, December 31, 1997                                                   |   |   | 913,001   |   |   |   | 276,501 |       |   |   | -          |   |   |        | -       |   |   |   | (323,745 | ) |   |   | (47,244 | ) |
| Loss for the year                                                            |   |   | -         |   |   |   | -       |       |   |   | -          |   |   |        | -       |   |   |   | (60,148 | ) |   |   | (60,148 | ) |
| Balance, December 31, 1998                                                   |   |   | 913,001   |   |   |   | 276,501 |       |   |   | -          |   |   |        | -       |   |   |   | (383,893 | ) |   |   | (107,392 | ) |
| Loss for the year                                                            |   |   | -         |   |   |   | -       |       |   |   | -          |   |   |        | -       |   |   |   | (70,046 | ) |   |   | (70,046 | ) |
| Balance, December 31, 1999                                                   |   |   | 913,001   |   |   |   | 276,501 |       |   |   | -          |   |   |        | -       |   |   |   | (453,939 | ) |   |   | (177,438 | ) |
| Loss for the year                                                            |   |   | -         |   |   |   | -       |       |   |   | -          |   |   |        | -       |   |   |   | (66,855 | ) |   |   | (66,855 | ) |
| Balance, December 31, 2000                                                   |   |   | 913,001   |   |   |   | 276,501 |       |   |   | -          |   |   |        | -       |   |   |   | (520,794 | ) |   |   | (244,293 | ) |
| Loss for the year                                                            |   |   | -         |   |   |   | -       |       |   |   | -          |   |   |        | -       |   |   |   | (58,749 | ) |   |   | (58,749 | ) |
| Balance, December 31, 2001                                                   |   |   | 913,001   |   |   |   | 276,501 |       |   |   | -          |   |   |        | -       |   |   |   | (579,543 | ) |   |   | (303,042 | ) |
| Forgiveness of amounts due to related party                                  |   |   | -         |   |   |   | -       |       |   |   | -          |   |   |        | 200,671 |   |   |   | - |   |   |   | 200,671 |   |
| Loss for the year                                                            |   |   | -         |   |   |   | -       |       |   |   | -          |   |   |        | -       |   |   |   | (59,428 | ) |   |   | (59,428 | ) |
| Balance, December 31, 2002                                                   |   |   | 913,001   |   |   |   | 276,501 |       |   |   | -          |   |   |        | 200,671 |   |   |   | (638,971 | ) |   |   | (161,799 | ) |
| April 25, 2003 – shares issued for mineral property                    |   |   | 600,000   |   |   |   | 60,000  |       |   |   | -          |   |   |        | -       |   |   |   | - |   |   |   | 60,000 |   |
| Loss for the year                                                            |   |   | -         |   |   |   | -       |       |   |   | -          |   |   |        | -       |   |   |   | (319,515 | ) |   |   | (319,515 | ) |
| Balance, December 31, 2003                                                   |   |   | 1,513,001 |   |   |   | 336,501 |       |   |   | -          |   |   |        | 200,671 |   |   |   | (958,486 | ) |   |   | (421,314 | ) |
| February 5, 2004 – shares issued for cash at $2.20 per share           |   |   | 99,750    |   |   |   | 219,450 |       |   |   | -          |   |   |        | -       |   |   |   | - |   |   |   | 219,450 |   |
| February 5, 2004 – deferred tax recovery on 10,800 flow-through shares |   |   | -         |   |   |   | (2,376  | )          |   |   | -          |   |   |        | -       |   |   |   | - |   |   |   | (2,376 | ) |
| June 8, 2004 – shares issued for cash at $4.04 per share               |   |   | 69,800    |   |   |   | 282,331 |       |   |   | -          |   |   |        | -       |   |   |   | - |   |   |   | 282,331 |   |
| August 24, 2004 – stock options exercised at $3.30 per share           |   |   | 10,000    |   |   |   | 32,983  |       |   |   | -          |   |   |        | -       |   |   |   | - |   |   |   | 32,983 |   |

----

|                                                                                                                           |   |        |      |   |        |   |      |            |   |   |            |   |   | DEFICIT     |    |   |        |   |
|--------------------------------------------------------------------------------------------------------------------------------|--------|--------|-----------|--------|--------|--------|-----------|------------|--------|--------|------------|--------|--------|-------------|---------|--------|--------|--------|
|                                                                                                                           |   |        |      |   |        |   |      |            |   |   |            |   |   | ACCUMULATED |    |   |        |   |
|                                                                                                                           |   | NUMBER |      |   |        |   |      | OBLIGATION |   |   | ADDITIONAL |   |   | DURING      |    |   |        |   |
|                                                                                                                           |   | OF     |      |   |        |   |      | TO ISSUE   |   |   | PAID-IN    |   |   | EXPLORATION |    |   |        |   |
|                                                                                                                           |   | SHARES |      |   | AMOUNT |   |      | SHARES     |   |   | CAPITAL    |   |   | STAGE       |    |   | TOTAL  |   |
|                                                                                                                           |   |        |      |   | $      |   |      |       | $      |   |       |   | $      |        |    |   | $      |   |   |   | $ |   |   |
|                                                                                                                           |   |        |      |   |   |   |      |       |   |   |       |   |   |        |    |   |   |   |   |   |   |   |   |
| December 31, 2004 – shares issued for cash at $1.80 per share inclusive of 13,250 shares as finders' fees                |   |   | 294,800   |   |   |   | 510,876   |       |   |   | -          |   |   |        | -       |   |   |   | - |   |   |   | 510,876 |   |
| August 24, 2004 – shares issued for mineral property database at $3.90 per share                                         |   |   | 15,000    |   |   |   | 58,788    |       |   |   | -          |   |   |        | -       |   |   |   | - |   |   |   | 58,788 |   |
| September 24, 2004 – shares returned on cancellation of escrow                                                           |   |   | (375,000  | )      |   |   | (7,500    | )          |   |   | -          |   |   |        | 7,500   |   |   |   | - |   |   |   | - |   |
| Stock based compensation                                                                                                       |   |   | -         |   |   |   | -         |       |   |   | -          |   |   |        | 421,000 |   |   |   | - |   |   |   | 421,000 |   |
| Loss for the year                                                                                                              |   |   | -         |   |   |   | -         |       |   |   | -          |   |   |        | -       |   |   |   | (956,446 | ) |   |   | (956,466 | ) |
| Balance, December 31, 2004                                                                                                     |   |   | 1,627,351 |   |   |   | 1,431,053 |       |   |   | -          |   |   |        | 629,171 |   |   |   | (1,914,932 | ) |   |   | 145,292 |   |
| January 6, 2005, refund for     overpayment in 2004 private     placement    |   |   | -         |   |   |   | (3,000    | )          |   |   | -          |   |   |        | -       |   |   |   | - |   |   |   | (3,000 | ) |
| March 21, 2005, shares issued for     property acquisition a US $3.00 per share                       |   |   | 12,500    |   |   |   | 45,604    |       |   |   | -          |   |   |        | -       |   |   |   | - |   |   |   | 45,604 |   |
| September  22, 2005,  flow-through shares  Issued at $2.00 per share                                            |   |   | 29,500    |   |   |   | 59,000    |       |   |   | -          |   |   |        | -       |   |   |   | - |   |   |   | 59,000 |   |
| September, 2005, deferred tax     recovery on 29,500 flow-through     shares |   |   | -         |   |   |   | (20,119   | )          |   |   |       |   |   |        | -       |   |   |   | - |   |   |   | (20,119 | ) |
| September 22, 2005, units issued at     US $1.50 per unit                                             |   |   | 55,000    |   |   |   | 97,152    |       |   |   | -          |   |   |        | -       |   |   |   | - |   |   |   | 97,152 |   |
| October 7, 2005, units issued at     US $1.10 per unit                                                |   |   | 127,500   |   |   |   | 165,154   |       |   |   | -          |   |   |        | -       |   |   |   | - |   |   |   | 165,154 |   |
| October-December 2005,  shares issued on exercise of stock options at US $1.50 per share                                  |   |   | 25,000    |   |   |   | 44,147    |       |   |   | -          |   |   |        | -       |   |   |   | - |   |   |   | 44,147 |   |
| October 2005, shares issued on    exercise of warrants at $3.00 per share                                            |   |   | 5,000     |   |   |   | 15,000    |       |   |   | -          |   |   |        | -       |   |   |   | - |   |   |   | 15,000 |   |

----

|                                                                                                                                                      |   |        |      |   |        |   |       |            |   |   |            |   |   | DEFICIT     |      |   |        |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|-----------|--------|--------|--------|------------|------------|--------|--------|------------|--------|--------|-------------|-----------|--------|--------|--------|
|                                                                                                                                                      |   |        |      |   |        |   |       |            |   |   |            |   |   | ACCUMULATED |      |   |        |   |
|                                                                                                                                                      |   | NUMBER |      |   |        |   |       | OBLIGATION |   |   | ADDITIONAL |   |   | DURING      |      |   |        |   |
|                                                                                                                                                      |   | OF     |      |   |        |   |       | TO ISSUE   |   |   | PAID-IN    |   |   | EXPLORATION |      |   |        |   |
|                                                                                                                                                      |   | SHARES |      |   | AMOUNT |   |       | SHARES     |   |   | CAPITAL    |   |   | STAGE       |      |   | TOTAL  |   |
|                                                                                                                                                      |   |        |      |   | $      |   |       |       | $      |   |       |   | $      |        |      |   | $      |   |   |   | $ |   |   |
|                                                                                                                                                      |   |        |      |   |   |   |       |       |   |   |       |   |   |        |      |   |   |   |   |   |   |   |   |
| November 17, 2005, units issued at     US $1.50 per share inclusive of     20,000 shares finders' fees  |   |   | 553,334   |   |   |   | 944,800    |       |   |   | -          |   |   |        | -         |   |   |   | - |   |   |   | 944,800 |   |
| Stock based compensation                                                                                                                                  |   |   | -         |   |   |   | -          |       |   |   | -          |   |   |        | 163,400   |   |   |   | - |   |   |   | 163,400 |   |
| Forgiveness of amounts due to     related party                                                                                  |   |   | -         |   |   |   | -          |       |   |   | -          |   |   |        | 102,327   |   |   |   | - |   |   |   | 102,327 |   |
| Obligation to issue shares                                                                                                                                |   |   | -         |   |   |   | -          |       |   |   | 8,638,667  |   |   |        |      |   |   |   | - |   |   |   | 8,638,667 |   |
| Loss for the year                                                                                                                                         |   |   |      |   |   |   | -          |       |   |   | -          |   |   |        | -         |   |   |   | (10,068,841 | ) |   |   | (10,068,841 | ) |
| Balance, December 31, 2005                                                                                                                                |   |   | 2,435,185 |   |   |   | 2,778,791  |       |   |   | 8,638,667  |   |   |        | 894,898   |   |   |   | (11,983,773 | ) |   |   | 328,583 |   |
| January 3, 2006, shares issued for     property acquisition at a market     price of US $1.50 per share |   |   | 4,888,889 |   |   |   | 8,638,667  |       |   |   | (8,638,667 | )      |   |        | -         |   |   |   | - |   |   |   | - |   |
| January - August 2006, shares issued on exercise of stock options at     US $1.50 per share                                      |   |   | 41,000    |   |   |   | 69,317     |       |   |   | -          |   |   |        | -         |   |   |   | - |   |   |   | 69,317 |   |
| February 2006, shares issued on     exercise of warrants at $3.00     per share                         |   |   | 74,450    |   |   |   | 223,350    |       |   |   | -          |   |   |        | -         |   |   |   | - |   |   |   | 223,350 |   |
| March 7, 2006, shares issued for     property acquisition at     US $3.60 per share                     |   |   | 12,500    |   |   |   | 51,772     |       |   |   | -          |   |   |        | -         |   |   |   | - |   |   |   | 51,772 |   |
| May 24, 2006, shares issued for     flow-through private placement     at US $2.50 per share            |   |   | 34,000    |   |   |   | 93,585     |       |   |   | -          |   |   |        | -         |   |   |   | - |   |   |   | 93,585 |   |
| August - November 2006, shares issued on exercise of warrants at US $2.50 per share                                                                       |   |   | 95,500    |   |   |   | 269,149    |       |   |   | -          |   |   |        | -         |   |   |   | - |   |   |   | 269,149 |   |
| December 2006, shares issued for flow- through private placement at  $2.30 per share                                                                 |   |   | 20,000    |   |   |   | 46,000     |       |   |   | -          |   |   |        | -         |   |   |   | - |   |   |   | 46,000 |   |
| Stock based compensation                                                                                                                                  |   |   | -         |   |   |   | -          |       |   |   | -          |   |   |        | 2,027,384 |   |   |   | - |   |   |   | 2,027,384 |   |
| Deferred tax  recovery on 54,000     flow-through shares                                                                    |   |   | -         |   |   |   | (44,667    | )          |   |   |       |   |   |        | -         |   |   |   | - |   |   |   | (44,667 | ) |
| Loss for the year                                                                                                                                         |   |   | -         |   |   |   | -          |       |   |   | -          |   |   |        | -         |   |   |   | (2,973,161 | ) |   |   | (2,973,161 | ) |
| Balance, December 31, 2006                                                                                                                                |   |   | 7,601,524 |   |   |   | 12,125,964 |       |   |   | -          |   |   |        | 2,922,282 |   |   |   | (14,956,934 | ) |   |   | 91,312 |   |

----

|                                                                                                                   |   |        |       |   |        |   |       |            |   |   |            |   |   | DEFICIT     |      |   |        |   |
|------------------------------------------------------------------------------------------------------------------------|--------|--------|------------|--------|--------|--------|------------|------------|--------|--------|------------|--------|--------|-------------|-----------|--------|--------|--------|
|                                                                                                                   |   |        |       |   |        |   |       |            |   |   |            |   |   | ACCUMULATED |      |   |        |   |
|                                                                                                                   |   | NUMBER |       |   |        |   |       | OBLIGATION |   |   | ADDITIONAL |   |   | DURING      |      |   |        |   |
|                                                                                                                   |   | OF     |       |   |        |   |       | TO ISSUE   |   |   | PAID-IN    |   |   | EXPLORATION |      |   |        |   |
|                                                                                                                   |   | SHARES |       |   | AMOUNT |   |       | SHARES     |   |   | CAPITAL    |   |   | STAGE       |      |   | TOTAL  |   |
|                                                                                                                   |   |        |       |   | $      |   |       |       | $      |   |       |   | $      |        |      |   | $      |   |   |   | $ |   |   |
|                                                                                                                   |   |        |       |   |   |   |       |       |   |   |       |   |   |        |      |   |   |   |   |   |   |   |   |
| Balance, December 31,  2006,     carried forward                                         |   |   | 7,601,524  |   |   |   | 12,125,964 |       |   |   | -          |   |   |        | 2,922,282 |   |   |   | (14,956,934 | ) |   |   | 91,312 |   |
| March 12, 2007, shares issued for  property option payment at   market price of  US$3.00 per share |   |   | 50,000     |   |   |   | 175,530    |       |   |   | -          |   |   |        | -         |   |   |   | - |   |   |   | 175,530 |   |
| March 27, 2007, shares issued for     options exercise at US$1.50 per    share      |   |   | 5,000      |   |   |   | 8,760      |       |   |   | -          |   |   |        | -         |   |   |   | - |   |   |   | 8,760 |   |
| March 31, 2007, shares issued forprivate placement at US$1.50 per share net of finder's fee of $4,537                  |   |   | 26,669     |   |   |   | 41,647     |       |   |   | -          |   |   |        | -         |   |   |   | - |   |   |   | 41,647 |   |
| Stock based compensation                                                                                               |   |   | -          |   |   |   | -          |       |   |   | -          |   |   |        | 113,074   |   |   |   | - |   |   |   | 113,074 |   |
| April 3, 2007, shares issued for    options exercise at US$1.50 per share                          |   |   | 5,000      |   |   |   | 8,507      |       |   |   | -          |   |   |        | -         |   |   |   | - |   |   |   | 8,507 |   |
| June 18, 2007, shares issued for debt       at US$2.00 per share                    |   |   | 10,000     |   |   |   | 23,306     |       |   |   | -          |   |   |        | -         |   |   |   | - |   |   |   | 23,306 |   |
| Loss for the year                                                                                                      |   |   | -          |   |   |   | -          |       |   |   | -          |   |   |        | -         |   |   |   | (598,783 | ) |   |   | (598,783 | ) |
| Balance, December 31, 2007                                                                                             |   |   | 7,698,193  |   |   |   | 12,383,714 |       |   |   | -          |   |   |        | 3,035,356 |   |   |   | (15,555,717 | ) |   |   | (136,647 | ) |
| Loss for the year                                                                                                      |   |   | -          |   |   |   | -          |       |   |   | -          |   |   |        | -         |   |   |   | (414,840 | ) |   |   | (414,840 | ) |
| Balance, December 31, 2008                                                                                             |   |   | 7,698,193  |   |   |   | 12,383,714 |       |   |   | -          |   |   |        | 3,035,356 |   |   |   | (15,970,557 | ) |   |   | (551,487 | ) |
| Subscriptions received                                                                                                 |   |   | -          |   |   |   | -          |       |   |   | 26,375     |   |   |        | -         |   |   |   | - |   |   |   | 26,375 |   |
| June 22, 2009, shares issued for private placement at US$0.15 per share                                                |   |   | 4,037,500  |   |   |   | 683,057    |       |   |   | -          |   |   |        | -         |   |   |   | - |   |   |   | 683,057 |   |
| Transfer derivative liability for warrants granted in the year                                                         |   |   | -          |   |   |   | (339,311   | )          |   |   | -          |   |   |        | -         |   |   |   | - |   |   |   | (339,311 | ) |
| Warrants exercise at US$0.20 per share  during the year                                                           |   |   | 353,000    |   |   |   | 74,692     |       |   |   | -          |   |   |        | -         |   |   |   | - |   |   |   | 74,692 |   |
| Transfer derivative liability for warrants exercised in the year                                                       |   |   | -          |   |   |   | 59,689     |       |   |   | -          |   |   |        | -         |   |   |   | - |   |   |   | 59,689 |   |
| July 24, 2009,  shares returned to treasury in exchange for US$85,000 cash payment                                |   |   | (4,500,000 | )      |   |   | (95,753    | )          |   |   | -          |   |   |        | -         |   |   |   | - |   |   |   | (95,753 | ) |

----

|                                                                                                                                                                                                                                                             |   |        |       |   |        |   |       |            |   |   |            |   |   | DEFICIT     |      |   |        |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|------------|--------|--------|--------|------------|------------|--------|--------|------------|--------|--------|-------------|-----------|--------|--------|--------|
|                                                                                                                                                                                                                                                             |   |        |       |   |        |   |       |            |   |   |            |   |   | ACCUMULATED |      |   |        |   |
|                                                                                                                                                                                                                                                             |   | NUMBER |       |   |        |   |       | OBLIGATION |   |   | ADDITIONAL |   |   | DURING      |      |   |        |   |
|                                                                                                                                                                                                                                                             |   | OF     |       |   |        |   |       | TO ISSUE   |   |   | PAID-IN    |   |   | EXPLORATION |      |   |        |   |
|                                                                                                                                                                                                                                                             |   | SHARES |       |   | AMOUNT |   |       | SHARES     |   |   | CAPITAL    |   |   | STAGE       |      |   | TOTAL  |   |
|                                                                                                                                                                                                                                                             |   |        |       |   | $      |   |       |       | $      |   |       |   | $      |        |      |   | $      |   |   |   | $ |   |   |
|                                                                                                                                                                                                                                                             |   |        |       |   |   |   |       |       |   |   |       |   |   |        |      |   |   |   |   |   |   |   |   |
| December 16, 2009, shares issued       for amendment to property option       agreement  at a market price of        US$0.395 per share            |   |   | 150,000    |   |   |   | 62,260     |       |   |   | 62,260     |   |   |        | -         |   |   |   | - |   |   |   | 124,520 |   |
| Stock based compensation                                                                                                                                                                                                                                         |   |   |       |   |   |   | -          |       |   |   | -          |   |   |        | 228,510   |   |   |   | - |   |   |   | 228,510 |   |
| Loss for the year                                                                                                                                                                                                                                                |   |   | -          |   |   |   | -          |       |   |   | -          |   |   |        | -         |   |   |   | (1,092,043 | ) |   |   | (1,092,043 | ) |
| Balance, December 31, 2009                                                                                                                                                                                                                                       |   |   | 7,738,693  |   |   |   | 12,828,348 |       |   |   | 88,635     |   |   |        | 3,263,866 |   |   |   | (17,062,600 | ) |   |   | (881,751 | ) |
| February 3, 2010, shares issued       for amendment to property option       agreement  at a  market  price of        US$0.395 per share |   |   | 150,000    |   |   |   | 62,260     |       |   |   | (62,260    | )      |   |        | -         |   |   |   | - |   |   |   | - |   |
| February 18, 2010, shares issued for     private placement at US$0.15 per  share, net of finance fee                                                                                                                               |   |   | 1,613,162  |   |   |   | 247,214    |       |   |   | (26,375    | )      |   |        | -         |   |   |   | - |   |   |   | 220,839 |   |
| Transfer derivative liability for warrants granted in the year                                                                                                                                                                                                   |   |   | -          |   |   |   | (125,435   | )          |   |   | -          |   |   |        | -         |   |   |   | - |   |   |   | (125,435 | ) |
| Warrants exercise at US$0.20 per share  during the year                                                                                                                                                                                                     |   |   | 766,248    |   |   |   | 159,620    |       |   |   | -          |   |   |        | -         |   |   |   | - |   |   |   | 159,620 |   |
| Transfer derivative liability for warrants exercised in the year                                                                                                                                                                                                 |   |   | -          |   |   |   | 134,800    |       |   |   | -          |   |   |        | -         |   |   |   | - |   |   |   | 134,800 |   |
| Income for the year                                                                                                                                                                                                                                              |   |   | -          |   |   |   | -          |       |   |   | -          |   |   |        | -         |   |   |   | 263,194 |   |   |   | 263,194 |   |
| Balance, December 31, 2010                                                                                                                                                                                                                                       |   |   | 10,268,103 |   |   |   | 13,306,807 |       |   |   | -          |   |   |        | 3,263,866 |   |   |   | (16,799,406 | ) |   |   | (228,733 | ) |
| February 22, 2011, shares issued for  property option payment at           US$0.15 per share market price                                                                                                                     |   |   | 100,000    |   |   |   | 15,000     |       |   |   | -          |   |   |        | -         |   |   |   | - |   |   |   | 15,000 |   |
| Loss for the year                                                                                                                                                                                                                                                |   |   | -          |   |   |   | -          |       |   |   | -          |   |   |        | -         |   |   |   | (189,503 | ) |   |   | (189,503 | ) |
| Balance, December 31, 2011                                                                                                                                                                                                                                       |   |   | 10,368,103 |   |   |   | 13,321,807 |       |   |   | -          |   |   |        | 3,263,866 |   |   |   | (16,988,909 | ) |   |   | (403,236 | ) |

----

|                                                                        |   |        |       |   |        |   |       |            |   |   |            |   |   | DEFICIT     |      |   |        |   |
|-----------------------------------------------------------------------------|--------|--------|------------|--------|--------|--------|------------|------------|--------|--------|------------|--------|--------|-------------|-----------|--------|--------|--------|
|                                                                        |   |        |       |   |        |   |       |            |   |   |            |   |   | ACCUMULATED |      |   |        |   |
|                                                                        |   | NUMBER |       |   |        |   |       | OBLIGATION |   |   | ADDITIONAL |   |   | DURING      |      |   |        |   |
|                                                                        |   | OF     |       |   |        |   |       | TO ISSUE   |   |   | PAID-IN    |   |   | EXPLORATION |      |   |        |   |
|                                                                        |   | SHARES |       |   | AMOUNT |   |       | SHARES     |   |   | CAPITAL    |   |   | STAGE       |      |   | TOTAL  |   |
|                                                                        |   |        |       |   | $      |   |       |       | $      |   |       |   | $      |        |      |   | $      |   |   |   | $ |   |   |
|                                                                        |   |        |       |   |   |   |       |       |   |   |       |   |   |        |      |   |   |   |   |   |   |   |   |
| Balance, December 31, 2011, carried forward                                 |   |   | 10,368,103 |   |   |   | 13,321,807 |       |   |   | -          |   |   |        | 3,263,866 |   |   |   | (16,988,909 | ) |   |   | (403,236 | ) |
| April 13, 2012, units issued for  private placement at $0.05 per share |   |   | 3,074,120  |   |   |   | 153,706    |       |   |   | -          |   |   |        | -         |   |   |   | - |   |   |   | 153,706 |   |
| April 20, 2012, shares issued for property at $0.05 per share               |   |   | 300,000    |   |   |   | 15,000     |       |   |   | -          |   |   |        | -         |   |   |   | - |   |   |   | 15,000 |   |
| Recognition of  9 months management fees $5,000/month                  |   |   | -          |   |   |   | -          |       |   |   | -          |   |   |        | 45,000    |   |   |   | - |   |   |   | 45,000 |   |
| Loss for the year                                                           |   |   | -          |   |   |   | -          |       |   |   | -          |   |   |        | -         |   |   |   | (51,039 | ) |   |   | (51,039 | ) |
| Balance, December 31, 2012                                                  |   |   | 13,742,223 |   |   |   | 13,490,513 |       |   |   | -          |   |   |        | 3,308,866 |   |   |   | (17,039,948 | ) |   |   | (240,569 | ) |
| Recognition of  6 months management fees $5,000/month                  |   |   | -          |   |   |   | -          |       |   |   | -          |   |   |        | 30,000    |   |   |   | - |   |   |   | 30,000 |   |
| Recognition of  5 months management fees $2,500/month                  |   |   | -          |   |   |   | -          |       |   |   | -          |   |   |        | 12,500    |   |   |   | - |   |   |   | 12,500 |   |
| Net income for the year                                                     |   |   | -          |   |   |   | -          |       |   |   | -          |   |   |        | -         |   |   |   | 28,169 |   |   |   | 28,169 |   |
| Balance, December 31, 2013                                                  |   |   | 13,742,223 |   |   |   | 13,490,513 |       |   |   | -          |   |   |        | 3,351,366 |   |   |   | (17,011,779 | ) |   |   | (169,900 | ) |

----

|                                                                                                        |   | YEARS ENDED DECEMBER 31, 2013 |     |   | June 16, 1995 (inception)to |   |
|-------------------------------------------------------------------------------------------------------------|--------|-------------------------------|----------|--------|-----------------------------|--------|
|                                                                                                        |   | 2013                          |     |   | 2012                        |   |   | December 31, 2013 |   |
|                                                                                                        |   | $                             |     |   |                        | $      |   |   |   | $ |   |   |
| CASH FLOWS FROM OPERATING ACTIVITIES                                                                        |   |                          |     |   |                        |   |   |   |   |   |   |   |
| Net Income (Loss)                                                                                           |   |                          | 28,169   |   |                        |   | (51,039 | ) |   |   | (17,011,779 | ) |
| Adjustments to reconcile net loss to net cash from     operating activities:       |   |                          |     |   |                        |   |   |   |   |   |   |   |
|           Depreciation                                    |   |                          | 79       |   |                        |   | 212 |   |   |   | 7,252 |   |
|           Stock based compensation                        |   |                          | -        |   |                        |   | - |   |   |   | 3,017,076 |   |
|           Shares issued for mineral property acquisition  |   |                          | -        |   |                        |   | 15,000 |   |   |   | 9,184,881 |   |
|           Shares issued for debt                          |   |                          | -        |   |                        |   | - |   |   |   | 23,306 |   |
|           Non-cash management fees                        |   |                          | 42,500   |   |                        |   | 45,000 |   |   |   | 87,500 |   |
|           Deferred tax recovery                           |   |                          | -        |   |                        |   | - |   |   |   | (67,162 | ) |
|           Fair value adjustment of derivative liabilities |   |                          | -        |   |                        |   | (1,115 | ) |   |   | (333,965 | ) |
|           Gain on debt settlement                         |   |                          | (168,417 | )      |                        |   | (20,000 | ) |   |   | (186,917 | ) |
|           Loss on disposal of assets                      |   |                          | 592      |   |                        |   | - |   |   |   | 592 |   |
| Changes in non-cash operating working capital items:                                                        |   |                          |     |   |                        |   |   |   |   |   |   |   |
|           Prepaid expenses                                |   |                          | (2,850   | )      |                        |   | (1,001 | ) |   |   | (4,935 | ) |
|           Other receivable                                |   |                          | 934      |   |                        |   | (630 | ) |   |   | (361 | ) |
|           Accounts payable and accrued liabilities        |   |                          | (14,649  | )      |                        |   | 21,463 |   |   |   | 203,188 |   |
|           Due to related parties                          |   |                          | 177      |   |                        |   | - |   |   |   | 177 |   |
| NET CASH FLOWS USED IN OPERATING ACTIVITIES                                                                 |   |                          | (113,465 | )      |                        |   | 7,890 |   |   |   | (5,083,826 | ) |
|                                                                                                        |   |                          |     |   |                        |   |   |   |   |   |   |   |
| CASH FLOWS USED IN INVESTING ACTIVITIES                                                                     |   |                          |     |   |                        |   |   |   |   |   |   |   |
|        Legal settlement                                                  |   |                          | -        |   |                        |   | - |   |   |   | (95,753 | ) |
| Equipment                                                                                                   |   |                          | -        |   |                        |   | - |   |   |   | (7,845 | ) |
| NET CASH FLOWS USED IN INVESTING ACTIVITIES                                                                 |   |                          | -        |   |                        |   | - |   |   |   | (103,598 | ) |
|                                                                                                        |   |                          |     |   |                        |   |   |   |   |   |   |   |
| CASH FLOWS FROM FINANCING ACTIVITIES                                                                        |   |                          |     |   |                        |   |   |   |   |   |   |   |
| Loan payable                                                                                                |   |                          | -        |   |                        |   | (38,465 | ) |   |   | 43,600 |   |
|        Due to related parties                                            |   |                          | 124,649  |   |                        |   | (122,645 | ) |   |   | 433,773 |   |
| Net proceeds on sale of common stock                                                                        |   |                          | -        |   |                        |   | 153,706 |   |   |   | 4,722,999 |   |
| NET CASH FLOWS FROM FINANCING ACTIVITIES                                                                    |   |                          | 124,649  |   |                        |   | (7,404 | ) |   |   | 5,200,372 |   |
|                                                                                                        |   |                          |     |   |                        |   |   |   |   |   |   |   |
| INCREASE IN CASH                                                                                            |   |                          | 11,184   |   |                        |   | 486 |   |   |   | 12,948 |   |
| CASH, BEGINNING OF YEAR                                                                                     |   |                          | 1,764    |   |                        |   | 1,278 |   |   |   | - |   |
|                                                                                                        |   |                          |     |   |                        |   |   |   |   |   |   |   |
| CASH, END OF YEAR                                                                                           |   |                          | 12,948   |   |                        |   | 1,764 |   |   |   | 12,948 |   |

----

| 1. | ORGANIZATION AND BASIS OF PRESENTATION |
|----|----------------------------------------|

| 2. | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
|----|--------------------------------------------|

|  | a) | Cash and Cash Equivalents |
|--|----|---------------------------|

|  | b) | Mineral Claim Payments and Exploration Expenditures |
|--|----|-----------------------------------------------------|

----

| 2. | SIGNIFICANT ACCOUNTING POLICIES (continued) |
|----|---------------------------------------------|

|  | c) | Use of Estimates |
|--|----|------------------|

|  | d) | Equipment |
|--|----|-----------|

| Office furniture   | 20% on declining balance basis |
|--------------------|--------------------------------|
| Computer equipment | 30% on declining balance basis |

|  | f) | Foreign Currency Translation |
|--|----|------------------------------|

|  | g) | Risk Management |
|--|----|-----------------|

----

| 2. | SIGNIFICANT ACCOUNTING POLICIES (continued) |
|----|---------------------------------------------|

|  | g) | Financial Instruments and Risk Management (continued) |
|--|----|-------------------------------------------------------|

----

| 2. | SIGNIFICANT ACCOUNTING POLICIES (continued) |
|----|---------------------------------------------|

| 3. | EQUIPMENT |
|----|-----------|

|               |   | December 31, 2013 |   |   | December 31, 2012        |   |
|--------------------|--------|-------------------|--------|--------|--------------------------|--------|
|               |   | Cost              |   |   | Accumulated depreciation |   |   | Net Book Value |   |   | Cost |   |   | Accumulateddepreciation |   |   | Net Book Value |   |
|               |   | $                 |   |   |                     | $      |   |   |   | $ |   |   |   | $ |   |   |   | $ |   |   |   | $ |   |   |
| Office furniture   |   |              | -      |   |                     |   | - |   |   |   | - |   |   |   | 2,812 |   |   |   | 2,388 |   |   |   | 424 |   |
| Computer equipment |   |              | -      |   |                     |   | - |   |   |   | - |   |   |   | 5,033 |   |   |   | 4,786 |   |   |   | 247 |   |
|               |   |              | -      |   |                     |   | - |   |   |   | - |   |   |   | 7,845 |   |   |   | 7,174 |   |   |   | 671 |   |

| 4. | MINERAL EXPLORATION PROPERTIES |
|----|--------------------------------|

| (a) | The Pires Gold Project, Brazil |
|-----|--------------------------------|

|  | (i) | pay to the optionor (or its nominee) US $50,000 as follows: |
|--|-----|-------------------------------------------------------------|

|  | (ii) | expend not less than US $300,000 (the "First Target") in exploration  expenditures onthe property on or before May 31, 2010 (incurred). |
|--|------|----------------------------------------------------------------------------------------------------------------------------------------------|

----

| (a) | The Pires Gold Project, Brazil (continued) |
|-----|--------------------------------------------|

|  | (i) | paying US $100,000 to the optionor (or its nominee) on or before January 16, 2010 (paid), and |
|--|-----|-----------------------------------------------------------------------------------------------|

|  | (ii) | expend not less than US $300,000 (less the amount by whichany exploration expenditures pursuant to item (ii) of the First Milestoneexceeded the First Target) (the "Second Target") in exploration expenditures on the property before January 16, 2011. |
|--|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (i) | issue to the Optionor 100,000 common shares of the Company on or before January 16, 2011(issued), and |
|--|-----|-------------------------------------------------------------------------------------------------------|

|  | (ii) | expend up to US $1,000,000 to complete and submit a final report by January 16, 2012. |
|--|------|--------------------------------------------------------------------------------------------|

----

|  |        i) | By agreement dated March 15, 2005, the Company obtained an option to acquire a 100% interest in certain mineral properties in south-central Quebec (the "Doran Property") in exchange for cash payments of $220,000, the issuance of 75,000 common shares and the expenditure of $1,000,000 on the Doran Property over three years, as follows: |
|--|----------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| a. | $35,000 and 12,500 common shares within ten business days of the date of approval of the agreement (paid and issued); |
|----|-----------------------------------------------------------------------------------------------------------------------|

| b. | $35,000 and 12,500 common shares on or before March 15, 2006 (paid and issued); and expending $200,000 on or before March 15, 2006 (incurred); |
|----|------------------------------------------------------------------------------------------------------------------------------------------------|

| c. | $75,000 (paid) and 25,000 common shares on or before March 15, 2007 (issued); and expending $300,000 on or before March 15, 2007 (incurred by Abbastar Holdings Inc. ("Abbastar") – Note 4b iii); and |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| d. | $75,000 (paid by Abbastar – Note 4b iii) and 25,000 common shares on or before March 15, 2008 (issued); and expend an additional $500,000 on or before March 15, 2008 (incurred by Abbastar – Note 4b iii). |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | ii) | The property interest is subject to a 2.5% Net Smelter Return (NSR).  The Company has the right to purchase up to three-fifths of the NSR, or 1.5%, for $1,750,000. |
|--|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | iii) | On February 13, 2007 the Company entered into an option agreement (the "Option") with Abbastar, a TSX Venture Exchange listed company, whereby Abbastar may earn up to a 70% interest in the Doran Property by making a one time cash payment of $100,000 (received) Abbastat incurring exploration expenditures of $5,000,000 on the Doran Property over 4 years (The Company retains the right to purchase the NSR on the Doran Property).  The terms of the Option provide that Abbastar may earn its interest in the Doran property as follows: |
|--|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| a. | 20% interest by spending $500,000 in exploration costs on or before February 13, 2008 (incurred); |
|----|---------------------------------------------------------------------------------------------------|

| b. | 15% additional interest by expending an additional $1,000,000 on or before February 13, 2009 (incurred); |
|----|----------------------------------------------------------------------------------------------------------|

| c. | 15% additional interest by expending an additional $1,500,000 on or before February 13, 2010; and |
|----|---------------------------------------------------------------------------------------------------|

| d. | 20% additional interest by expending an additional $2,000,000 on or before February 13, 2011. |
|----|-----------------------------------------------------------------------------------------------|

----

|  | 5. | LOANS PAYABLE |
|--|----|---------------|

|  | 6. | CAPITAL STOCK |
|--|----|---------------|

|  | a) | Issued Shares |
|--|----|---------------|

|  | b) | Stock Options |
|--|----|---------------|

| c) | Warrants |
|----|----------|

|                                |   | Warrants Outstanding |        |   | Weighted Average Exercise Price |     |   | WeightedAverageLife |   |
|-------------------------------------|--------|----------------------|-------------|--------|---------------------------------|----------|--------|---------------------|--------|
| Balance, December 31, 2011          |   |                 | 1,613,162   |   |                            | US $0.25 |   |                |   | 0.07 |   |
| Issued                              |   |                 | 1,537,060   |   |                            | $        | 0.15   |                |   |   | 2.00 |   |
| Exercised                           |   |                 | -           |   |                            |     | -      |                |   |   | - |   |
| Expired                             |   |                 | (1,613,162) |   |                            | US $0.25 |   |                |   | - |   |
| Balance, December 31, 2012 and 2013 |   |                 | 1,537,060   |   |                            | $        | 0.15   |                |   |   | 0.28 |   |

----

|                                   |   | 2013   |    |   | 2012   |   |
|----------------------------------------|--------|--------|---------|--------|--------|--------|
|                              |   | $      |    |   |   | $      |   |   |
| Income (loss) before income tax        |   |   | 28,169  |   |   |   | (51,039 | ) |
| Combined statutory rate                |   |   | 25      | %      |   |   | 25 | % |
| Expected income tax expense (recovery) |   |   | 7,000   |   |   |   | (12,500 | ) |
|                                   |   |   |    |   |   |   |   |   |
| Increase (decrease) resulting from:    |   |   |    |   |   |   |   |   |
| Temporary difference                   |   |   | 2,000   |   |   |   |   |   |
| Permanent differences and other        |   |   | 9,000   |   |   |   | 11,000 |   |
| Change in valuation allowance          |   |   | (18,000 | )      |   |   | 1,500 |   |
| Future income tax provision (recovery) |   |   | -       |   |   |   | - |   |

|                                                     |   | 2013   |       |   | 2012   |   |
|----------------------------------------------------------|--------|--------|------------|--------|--------|--------|
|                                                     |   | $      |       |   |   | $      |   |   |
| Mineral properties tax basis in excess of carrying value |   |   | 2,631,000  |   |   |   | 2,631,000 |   |
| Non-capital losses available                             |   |   | 498,000    |   |   |   | 513,000 |   |
| Other                                                    |   |   | -          |   |   |   | 2,000 |   |
| Potential deferred income tax assets                     |   |   | 3,129,000  |   |   |   | 3,147,000 |   |
| Less: valuation allowance                                |   |   | (3,129,000 | )      |   |   | (3,147,000 | ) |
| Net Deferred Income Tax Asset                            |   |   | -          |   |   |   | - |   |

----

| Year of Expiry |   | Amount |      |
|----------------|--------|--------|-----------|
|           |   | $      |      |   |
| 2014           |   |   | 150,000   |   |
| 2015           |   |   | 212,000   |   |
| 2026           |   |   | 336,000   |   |
| 2027           |   |   | 429,000   |   |
| 2028           |   |   | 422,000   |   |
| 2029           |   |   | -         |   |
| 2030           |   |   | 217,000   |   |
| 2031           |   |   | 146,000   |   |
| 2032           |   |   | 78,000    |   |
|           |   |   | 1,990,000 |   |

| 9. | SUPPLEMENTAL CASH FLOW INFORMATION AND NON-CASH INVESTING AND FINANCING ACTIVITIES |
|----|------------------------------------------------------------------------------------|

|                           |   | Year ended December 31, 2013 |   |   | Year ended December 31, 2012 |   |
|--------------------------------|--------|------------------------------|--------|--------|------------------------------|--------|
| Cash paid during the year for: |   | $                            |   |   |                         | $      |   |   |
| Interest                       |   |                         | 12,883 |   |                         |   | 500 |   |

----

|                   |   |        |   |   | DECEMBER 31, 2013 |   |      | DECEMBER 31, 2012 |   |
|------------------------|--------|--------|--------|--------|-------------------|--------|-----------|-------------------|--------|
|                   |   | LEVEL  |   |   | CARRYING VALUE    |   |      | FAIRVALUE         |   |   | CARRYING VALUE |   |   | FAIR VALUE |   |
| Financial assets       |   |        |   |   |                   |   |      |                   |   |   |  |   |   |  |   |
| Cash                   |   |   | 1      |   |              | $      | 12,948    |              |   | $ | 12,948 |   |   | $ | 1,764 |   |   | $ | 1,764 |   |
| Other receivable       |   |   | 3      |   |              |   | 361       |              |   |   | 361 |   |   |   | 1,295 |   |   |   | 1,295 |   |
|                   |   |   |   |   |              | $      | 13,309    |              |   | $ | 13,309 |   |   | $ | 3,056 |   |   | $ | 3,056 |   |
| Financial liabilities  |   |   |   |   |              |   |      |              |   |   |   |   |   |   |   |   |   |   |   |   |
| Accounts payable       |   |   | 3      |   |              | $      | 34,752    |              |   | $ | 34,752 |   |   | $ | 178,158 |   |   | $ | 178,158 |   |
| Loans payable          |   |   | 3      |   |              |   | -         |              |   |   |   |   |   |   | 43,600 |   |   |   | 43,600 |   |
| Due to related parties |   |   | 3      |   |              |   | 130,951   |              |   |   | 130,951 |   |   |   | 6,126 |   |   |   | 6,126 |   |
|                   |   |   |   |   |              | $      | 165,703-- |              |   | $ | 165,703-- |   |   | $ | 227,884-- |   |   | $ | 227,884-- |   |

----

----

| 1.1 | Date of Report |
|-----|----------------|

| · | An unencumbered 65% interest in 47 prospective uranium claim blocks in Costebelle Township known as the Doran property in eastern Quebec, the Company has allowed certain claims to lapse and at December 31, 2012 held a total of 18 claims.  During the year ended December 31, 2013, a further 15 claims have lapsed to leave 3 claims totaling approximately 165 hectares in good standing. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 1. | Authorizing an unlimited number of Class A Preferred shares without par value and to approve special rights and restrictions for the existing Common shares and the new Preferred shares; |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2. | The Notice of Articles of the Company to be amended to reflect the amendment to the authorized share structure approved above; |
|----|--------------------------------------------------------------------------------------------------------------------------------|

| - | received $124,649 from a related party to settle outstanding debts and for working capital purposes. |
|---|------------------------------------------------------------------------------------------------------|

| - | recorded a gain on settlement of debt in the amount of $168,417 for the year ended December 31, 2013. |
|---|-------------------------------------------------------------------------------------------------------|

| 1. | Authorizing an unlimited number of Class A Preferred shares without par value and to approve special rights and restrictions for the existing Common shares and the new Preferred shares; |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2. | The Notice of Articles of the Company to be amended to reflect the amendment to the authorized share structure approved above. |
|----|--------------------------------------------------------------------------------------------------------------------------------|

----

| a. | $35,000 and 12,500 common shares within ten business days of the date of approval of the agreement (paid and issued); |
|----|-----------------------------------------------------------------------------------------------------------------------|

| b. | $35,000 and 12,500 common shares on or before March 15, 2006 (paid and issued); and expending $200,000 on or before March 15, 2006 (incurred); |
|----|------------------------------------------------------------------------------------------------------------------------------------------------|

| c. | $75,000 and 25,000 common shares on or before March 15, 2007 (paid and issued); and expending $300,000 on or before March 15, 2007 (incurred by Abbastar Holdings Inc. ("Abbastar") – see below); and |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| d. | $75,000 (paid in 2008 by Abbastar – see below) and 25,000 common shares on or before March 15, 2008 (issued); and expend an additional $500,000 on or before March 15, 2008 (incurred by Abbastar – see below). |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

|  Fiscal year ended                    | 2013($) | 2012($)  | 2011($)   |
|--------------------------------------------|---------|----------|-----------|
| Income/(Loss) before income taxes          | 28,169  | (51,039) | (189,503) |
| Net Income/(Loss)                          | 28,169  | (51,039) | (189,503) |
| Basic and diluted earning (loss) per share | 0.00    | (0.00)   | (0.02)    |
| Total assets                               | 18,244  | 5,815    | 3,910     |
| Long term financial liabilities            | Nil     | Nil      | Nil       |
| Cash dividends declared                    | N/A     | N/A      | N/A       |

| - | consulting fees of $11,750 were incurred during the year ended December 31, 2013 compared to no consulting fees incurred during the year ended December 31, 2012.  The increase in consulting fees was due to the use of consultants to assist with the settlement of the Company's debt during the year which culminated in a gain on settlement of debt of $168,656. |
|---|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| - | received $124,649 from an unrelated party to settle outstanding debts and for working capital purposes. |
|---|---------------------------------------------------------------------------------------------------------|

| - | recorded a gain on settlement of debt in the amount of $168,417 for the year ended December 31, 2013. |
|---|-------------------------------------------------------------------------------------------------------|

| - | mineral property recovery of $70,169 for the year ended December 31, 2012 compared to no exploration costs during the year ended December 31, 2013.  This change was due to the sale of its interest of the Pires Gold Project in Brazil completed during the previous year. |
|---|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                              |   | 2013    |     |   | 2013   |   |   | 2013   |   |   | 2013   |   |   | 2012   |   |   | 2012   |   |   | 2012   |   |   | 2012   |   |
|-----------------------------------|--------|---------|----------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
|                              |   |    | Q4       |   |   |   | Q3     |   |   |   | Q2     |   |   |   | Q1     |   |   |   | Q4     |   |   |   | Q3     |   |   |   | Q2 |   |   |   | Q1 |   |
| Net sales                         |   | $Nil    |     |   | $Nil   |   |   | $Nil   |   |   | $Nil   |   |   | $Nil   |   |   | $Nil   |   |   | $Nil   |   |   | $Nil   |   |
| Loss/(Income) before other items  |   | $       | 66,247   |   |   | $      | 19,966 |   |   | $      | 26,117 |   |   | $      | 27,326 |   |   | $      | 43,211 |   |   | $      | 21,829 |   |   | $ | 26,388 |   |   | $ | (19,274 | ) |
| Net (Income)/Loss                 |   | $       | (102,170 | )      |   | $      | 20,558 |   |   | $      | 26,117 |   |   | $      | 27,326 |   |   | $      | 23,211 |   |   | $      | 21,829 |   |   | $ | 26,388 |   |   | $ | (20,389 | ) |
| Net (Income)/Loss  per share |   | $  | (0. 01   | )      |   | $      | 0.00   |   |   | $      | 0.00   |   |   | $      | 0.00   |   |   | $      | 0.00   |   |   | $      | 0.00   |   |   | $ | 0.00 |   |   | $ | (0.00 | ) |

| 1.7 | Capital Resources |
|-----|-------------------|

----

| 1.8 | Off-Balance Sheet Arrangements |
|-----|--------------------------------|

| 1.9 | Transactions with Related Parties |
|-----|-----------------------------------|

| 1.10 | Fourth Quarter |
|------|----------------|

| 1.12 |  Critical Accounting Estimates |
|------|-------------------------------------|

| 1.13 | Changes in Accounting Policies including Initial Adoption |
|------|-----------------------------------------------------------|

----

----

|                                                                                                                                                                                                                                                                                                                                                                                                              |   | Numberof Shares |       |   | Amount |   |       | Additional Paid InCapital |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------|------------|--------|--------|--------|------------|---------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                              |   |                 |       |   |        |   |       |                           |   |
| Authorized                                                                                                                                                                                                                                                                                                                                                                                                        |   |                 |       |   |        |   |       |                           |   |
| Unlimited common shares, without par value                                                                                                                                                                                                                                                                                                                                                                        |   |                 |       |   |        |   |       |                           |   |
|                                                                                                                                                                                                                                                                                                                                                                                                              |   |                 |       |   |        |   |       |                           |   |
| Issued                                                                                                                                                                                                                                                                                                                                                                                                            |   |                 |       |   |        |   |       |                           |   |
| Balance, December 31, 2011                                                                                                                                                                                                                                                                                                                                                                                        |   |            | 10,368,103 |   |   | $      | 13,321,807 |                      |   | $ | 3,263,866 |   |
| Issued for mineral properties                                                               |   |            | 300,000    |   |   |   | 15,000     |                      |   |   | - |   |
| Recognition of management fees waived                                                                                                                                                                                                                                                                                                                                                                             |   |            | 3,074,120  |   |   |   | 153,706    |                      |   |   | - |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                   |   |            | -          |   |   |   | -          |                      |   |   | 45,000 |   |
| Balance, December 31, 2012                                                                                                                                                                                                                                                                                                                                                                                        |   |            | 13,742,223 |   |   | $      | 13,490,513 |                      |   | $ | 3,308,866 |   |
| Recognition of management fees waived                                                                                                                                                                                                                                                                                                                                                                             |   |            | -          |   |   |   | -          |                      |   |   | 42,500 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                              |   |            |       |   |   |   |       |                      |   |   |   |   |
| Balance, December 31, 2013 and May 30, 2014                                                                                                                                                                                                                                                                                                                                                                       |   |            | 13,742,223 |   |   | $      | 13,490,513 |                      |   | $ | 3,351,366 |   |

----

|                                |   | Warrants Outstanding |       |   | Weighted Average Exercise Price |     |   | WeightedAverageLife |   |
|-------------------------------------|--------|----------------------|------------|--------|---------------------------------|----------|--------|---------------------|--------|
| Balance, December 31, 2011          |   |                 | 1,613,162  |   |                            | US $0.25 |   |                |   | 0.07 |   |
| Issued during the year              |   |                 | 1,537,060  |   |                            | $        | 0.15   |                |   |   | 2.00 |   |
| Expired during the year             |   |                 | (1,613,162 | )      |                            | $        | 0.25   |                |   |   | - |   |
| Balance, December 31, 2012 and 2013 |   |                 | 1,537,060  |   |                            | $        | 0.15   |                |   |   | 0.28 |   |

----